Analyst Actions on Chinese Stocks: BIDU, CHC, CHL, CTRP, FMCN, HOLI, JRJC, PTR ... (Aug 23, 2010)

Below are today’s Analyst Actions on U.S.-Listed Chinese Stocks.

Deutsche Bank downgraded Baidu.com, Inc. (NASDAQ:BIDU) from Buy to Hold, and raised price target from $80 to $86. Morgan Joseph reiterated Buy rating and $15 price target on China Hydroelectric Corporation (NYSE:CHC). Nomura Securities maintained Buy rating and HK$91 price target on the Hong Kong-listed shares of China Mobile Ltd. (NYSE:CHL). Deutsche Bank maintained Hold rating on Ctrip.com International, Ltd. (NASDAQ:CTRP), and cut price target from $40 to $39. Credit Agricole Securities maintained Buy rating and $23 price target on Focus Media Holding Limited (NASDAQ:FMCN). Daiwa maintained Buy rating and $12.05 price target on Hollysys Automation Technologies Ltd (NASDAQ:HOLI). JPMorgan downgraded China Finance Online Co. (NASDAQ:JRJC) from Overweight to Neutral, and cut price target from $12.00 to $8.90. BNP Paribas maintained Buy rating and HK$10.75 price target on the Hong Kong-listed shares of PetroChina Company Limited (NYSE:PTR). Oppenheimer & Co. maintained Outperform rating and $8 price target on ShengdaTech, Inc. (NASDAQ:SDTH). Goldman Sachs maintained Neutral rating and $83 price target on China Petroleum & Chemical Corp. (NYSE:SNP). Citigroup maintained Buy rating and HK$8.90 price target on the Hong Kong-listed shares of China Petroleum & Chemical Corp. (NYSE:SNP). Standard Chartered maintained Outperform rating and HK$8 fair value on the Hong Kong-listed shares of China Petroleum & Chemical Corp. (NYSE:SNP). Collins Stewart reiterated Buy rating and $29 price target on Trina Solar Limited (NYSE:TSL). Jefferies & Company reiterated Buy rating and $35 price target on Trina Solar Limited (NYSE:TSL). Brean Murray downgraded Universal Travel Group (NYSE:UTA) from Buy to Hold. Credit Suisse maintained Outperform rating on Yanzhou Coal Mining Co. (NYSE:YZC), and cut price target from HK$22.1 to HK$18.6 on the company's Hong Kong-listed shares. Citigroup maintained Sell rating and HK$13 price target on the Hong Kong-listed shares of Yanzhou Coal Mining Co. (NYSE:YZC). HSBC reiterated Overweight rating on Yanzhou Coal Mining Co. (NYSE:YZC), and maintained HK$21.50 price target on the company's Hong Kong-listed shares. UBS maintained Buy rating on Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE), and raised price target from $13 to $15.